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G I FT / PL ED G E F O RM P E R S O N A L IN F OR MOTION Name AddressCityStateZipEmail Telephone Mobile Home Business I F T IN F O R M ACTION I/we wish to make a donation of $ Onetime paymentDesignated
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What is gift tax return (Form 709)?
Form 709 is a tax form used to report gifts given by an individual that exceed the annual exclusion amount.
Who is required to file gift tax return (Form 709)?
Individuals who have given gifts that exceed the annual exclusion amount are required to file Form 709.
How to fill out gift tax return (Form 709)?
Form 709 requires information about the donor, the recipient, the gift amount, and any applicable deductions or exclusions.
What is the purpose of gift tax return (Form 709)?
The purpose of Form 709 is to report gifts that may be subject to gift tax, which is a tax on gifts given during a person's lifetime.
What information must be reported on gift tax return (Form 709)?
Information such as the fair market value of the gift, any deductions claimed, and details about the recipient must be reported on Form 709.
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